No longer on the market
This property is no longer on the market
Floorplan
MapRetail property (high street)
Let agreed
Retail property (high street)
766
Features and description
- Excellent Frontage To Head Street
- Well-Presented Open-Plan Retail/Office Space
- Kitchenette & WC Facilities
- Available for Swift Occupation (Current Fit-Out as Hair Salon)
- Suitable for a Variety of Other Uses (STP)
The property comprises a mid-terraced ground floor retail unit offering versatile open-plan space suitable for retail or office use. A personnel door featuring large shop front windows provides excellent visibility onto Head Street and allows for generous natural light into the reception area.
The premises are presented to a high standard and benefit from LED lighting throughout. To the rear, there is a kitchenette and WC facilities, along with access to a basement that provides additional office or storage space.
The property is available for immediate occupation, with the current fit-out / use as a hair salon, but may well suit other beauty / medical or retail uses.
LOCATION
The property is situated on the western edge of Colchester's City Centre, prominently positioned on Head Street - a busy and popular location within the City Centre. In addition to a wide range of financial, retail and food/drinking establishments, nearby occupiers include H&M, Costa Coffee and Odeon Cinema.
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex. Head Street benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor: 548 sq ft [50.91 sq m] approx.
Basement: 218 sq ft [20.25 sq m] approx.
Total: 766 sq ft [71.16 sq m] approx.
TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £16,500 per annum plus VAT, payable quarterly in advance.
DEPOSIT
A deposit will be required upon completion of the lease. The amount is assessed on a case by case basis and is subject to financial checks confirming the covenant strength of the company taking the lease.
SERVICE CHARGE
A service charge is applicable to cover the external building maintenance and buildings insurance. The approx. cost for the current year is £610 plus VAT.
BUILDINGS INSURANCE
The landlord is responsible for arranging the buildings insurance with the cost to be recovered from the tenant. The premium for the current year is included within the service charge budget.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £11,500. For rateable values below £12,000, 100% small business rate relief may be available, subject to eligibility.
We recommend all parties make their own direct enquiries with the local rating authority.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (99) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
We are advised that VAT will be applicable on the rent and service charge. All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
LEGAL COSTS
Each party will bear their own legal costs.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T:[use Contact Agent Button]
E: [use Contact Agent Button]
The premises are presented to a high standard and benefit from LED lighting throughout. To the rear, there is a kitchenette and WC facilities, along with access to a basement that provides additional office or storage space.
The property is available for immediate occupation, with the current fit-out / use as a hair salon, but may well suit other beauty / medical or retail uses.
LOCATION
The property is situated on the western edge of Colchester's City Centre, prominently positioned on Head Street - a busy and popular location within the City Centre. In addition to a wide range of financial, retail and food/drinking establishments, nearby occupiers include H&M, Costa Coffee and Odeon Cinema.
Colchester was recently awarded City status during the Platinum Jubilee celebrations, and is the major economic centre in North Essex. Head Street benefits from excellent communication links via the A12 / A120 and is bounded by Ipswich (approx. 18 miles north east), Braintree (approx. 16.5 miles west), and Chelmsford (approx. 24 miles south east).
ACCOMMODATION
[Approximate Net Internal Floor Areas]
Ground Floor: 548 sq ft [50.91 sq m] approx.
Basement: 218 sq ft [20.25 sq m] approx.
Total: 766 sq ft [71.16 sq m] approx.
TERMS
The premises are available to let on a new full repairing and insuring lease, lease length and terms to be agreed, at a rent of £16,500 per annum plus VAT, payable quarterly in advance.
DEPOSIT
A deposit will be required upon completion of the lease. The amount is assessed on a case by case basis and is subject to financial checks confirming the covenant strength of the company taking the lease.
SERVICE CHARGE
A service charge is applicable to cover the external building maintenance and buildings insurance. The approx. cost for the current year is £610 plus VAT.
BUILDINGS INSURANCE
The landlord is responsible for arranging the buildings insurance with the cost to be recovered from the tenant. The premium for the current year is included within the service charge budget.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £11,500. For rateable values below £12,000, 100% small business rate relief may be available, subject to eligibility.
We recommend all parties make their own direct enquiries with the local rating authority.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class D (99) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
We are advised that VAT will be applicable on the rent and service charge. All rents and prices are exclusive of VAT under the Finance Act 1989. Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
LEGAL COSTS
Each party will bear their own legal costs.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE LETTING AGENTS:
Fenn Wright
T:[use Contact Agent Button]
E: [use Contact Agent Button]
Property information from this agent
About this agent
Fenn Wright - Colchester Commercial Sales & Lettings
882 Colchester Business Park, The Crescent
Colchester Business Park, Colchester
CO4 9YQ
01206 988207Commercial Agency, Estate Agents and Letting Agents Our Colchester Business Park office is home to our North Essex Commercial agency team who specialise in the sale, letting and acquisition of commercial premises. The office is headed up by Michael Moody, who joined Fenn Wright alongside Jeremy Newman in 2017, following the acquisition of Newman Commercial. The focus of this office is on the sale and letting of industrial, office and retail spaces across North Essex and the provision of expert advice to support requests for formal valuations, rent reviews, strategic asset management and development decisions. Together with our commercial property valuation team, who operate out of our nearby Stanway office, Fenn Wright offer unrivalled knowledge and exposure to the commercial property market within Colchester and the surrounding area.